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U.S. Consumer Spending Up 0.2% in June

Wall Street Journal (08/03/15) David Harrison; Josh Mitchell

Consumers pulled back on spending increases in June, an indication that weak wage growth might be weighing on them. Personal spending increased 0.2% from May, the weakest gain since February, according to the U.S. Department of Commerce. Spending increased a revised 0.7% in May. Personal income rose 0.4% in June and a revised 0.4% in May. Economists polled by the Wall Street Journal had forecast a 0.2% increase in consumer spending and a 0.4% increase in personal income.